Why smart people in organizations too often mismanage Risks and make bad decisions?

Menu

Monthly Archives: January 2011

The First step in understanding Risk Management and Decisions about Risk is to try to understand RISK itself! This is a challenging undertaking, a even though everybody may have an ‘idea’ of what risk is, when you ask them to define it precisely, most people will find it very difficult. Continue reading →

Like this:

In the wake of a string of catastrophic events such as economic crises (Asian financial crisis, Dot-com Bubble, etc.), major corporate failures (Enron, WorldCom) and the rise of new risks and uncertainties (epidemics, terrorism,), organizations all over the world are now facing increasing and conflicting pressures from their stakeholders Continue reading →